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Day: August 30, 2010
August 302010
Pound Rises vs. Euro, Falls vs. Dollar & Yen
The Great Britain pound rose against the euro at the start of today’s Forex trading session after the British Chambers of Commerce raised its forecast for Britain’s economic growth in this and the next years. The sterling fell later but currently is rising again. Britain’s currency fell versus the US dollar and the Japanese yen. Britain’s economy looks more stable than economies of other European countries as it’s not burdened by the debt crisis. […]
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August 302010
NZ Dollar Falls on Trade Deficit and Economic Concerns
The speculation that Japan’s policy makers wouldn’t be able to limit the yen’s gains pushed the New Zealand dollar down against the Japanese currency; the kiwi (as the NZD nicknamed) also fell against the US dollar as New Zealand trade balance posted the deficit for the first time in seven months. The Bank of Japan‘s decision to intervene in order to support the nation’s economy reflects the concerns for the growth of the advance economies across the world. The New Zealand economy […]
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August 302010
Yen Rises as BOJ May Fail to Limit Currency’s Gains
The Japanese yen rose today as the traders don’t believe that the intervention by the Bank of Japan would be able to keep Japan’s currency from rising further. Japan’s officials stressed the necessity to limit the gains of the yen, which may hurt the nation’s export-driven economy. The traders don’t think that the Japanese makers would be able to stem the currency’s appreciation without the help from the US and Europe, and such help is unlikely as the nations […]
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August 302010
Any Major Moves on EUR/USD Before Year’s End?
Sometimes a collective mind of Forex traders produce better forecasts than the analysts do. And since EUR/USD is the most popular currency pair nowadays, I’d like to check this hypothesis but asking the readers (you) of where do they see this pair before the end of 2010. The poll will be open until December 1st. EUR/USD is currently trading near 1.2688. Where will EUR/USD finish 2010? […]
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